Regulatory Alerts2025-08-19
Agreement No. 8-2025: Modification of Articles 39, 41, and 42 of Agreement No. 4-2013 on Credit Risk Management
The Superintendency of Banks of Panama issued Agreement No. 8-2025 to formally recognize the Panama Guarantee Fund as a valid credit risk mitigant by amending Articles 39, 41, and 42 of Agreement No. 4-2013. The regulation updates the list of acceptable collateral to include guarantees backed by the Panama Guarantee Fund and establishes specific valuation methodologies for these assets. Furthermore, it assigns a 100% present value coefficient to these specific guarantees for the calculation of specific provisions, aligning with international financial reporting standards.
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